Cryptocurrencies are still in the red

6 February, 2019

The major digital currencies are going on their decline, the rate of Bitcoin has been going down in price for more than 400 days in a range within the framework of a strong downtrend has taken shape on the financial market. At 10.30, the bitcoin rate per day fell by 1.26% to $ 3,378 with a overall capitalization of $ 59.9 billion.

Meantime, the positive data for it was the message that the cryptocurrency exchange Coinbase added bitcoin support in its wallet application. Ethereum by this time has fallen in price by 3.4% - up to 102.4 dollars, its capitalization amounted to 10.9 billion dollars. Litecoin declined in the price of 3.85% during the day and dropped to 32.5 dollars with a market capitalization of 1.9 billion dollars. XRP fell by 3.57% - to $ 0.29, its capitalization reached $ 12 billion.

The total digital market capitalization reached $ 111.6 billion. According to forecasts of financial scouts, the decline in the rates of the dominant digital currencies will continue. Bitcoin can possibly go down in price to $ 3,300, Ethereum - to $ 100, Litecoin decline in price to $ 31, and XRP - to $ 0.27–0.28.

The crypto market is finally seeing gains, after more than a year of bearish influence which resulted in the longest, most harsh crypto winter in the last decade. While the coins are not out of the woods...

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